Is the top in? IMPORTANT Update!

AI-generated source summary

The analysis focuses on Bitcoin (BTCUSDT) and Ethereum (ETHUSDT) from a technical perspective, primarily using daily and weekly charts to identify key resistance and support levels. For Bitcoin, the primary target is identified around $88,410, with the current price at approximately $83,569. The fail bound for this bullish scenario is set around $80,000, below which the bullish thesis would be invalidated. The price action is currently observed within a range, with the speaker noting significant resistance in the $88,000-$90,000 zone. The analysis also touches upon potential liquidation levels and price action within channels. For Ethereum, the target is set at $2,856, with the current price near $2,571. The invalidation level for Ethereum's bullish outlook is placed around $2,200. Both assets are seen as being in a broader bullish trend, with key levels and resistance zones identified for potential short-term trades and longer-term outlooks. The speaker highlights the importance of watching for price action around these key levels, particularly the $88,000-$90,000 supply zone for Bitcoin, which has shown multiple rejections. The overall sentiment suggests a continuation of the bullish trend is expected, provided key support levels hold.

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